Gencap Ventures has acquired the line of FactorShares exchange traded funds as a stepping stone to market ETF product and services for other would-be entrants into the fund space.
According to a change-in-control filing, Esposito Private Equity Group’s Gencap Ventures business is now the owner of Factor Advisor’s line of ETFs.
The FactorShares brand has also filed for three resource-related equity ETFs, including a mineral, resource exploration and extraction, and mining fund.
Gencap will seek to provide services similar to what Exchange Traded Concepts and AdvisorShares do for firms trying to bring ETFs to market.